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[QUOTE]Originally posted by Superbee383: [QB] I have a dumb question concerning short term capital gains. I don't have them yet, but JUST in case. Ok.. I heard that the short term gains are taxed like your regular pay. Of course, if the gains are substantial, it puts you in a higher tax bracket. Long term gains are taxed less. Anyway, my question is this. Let's say someone made $100k to $500k in short term gains.. I heard that if any/all short term cap. gains were put into buying a primary residence, there would be no capital gains taxes on it. Does anyone know for sure if this is correct? [/QB][/QUOTE]
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